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Author: splotto Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 128370  
Subject: Re: Buying Model Home - pros, cons? Date: 6/16/2002 6:53 AM
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We are always willing to make concessions for people buying our models (spec homes). If you are willing to lock in early and allow it to be used for a while, you make out better.

Either way, insist that they replace the carpets prior to settlement. You should also make sure that nothing will be removed from the model.

Do they furnish the model? Are you buying the furnishings?

You should also arrange for a final walk through that allows you to ID issues. You may not have any bargaining power at that point, but at least you won't be surprised.

Given the rising prices in our market (southeast PA) don't be surprised if the builder will be willing to walk from your deal (provided they can under the contract) if you present too many issues. The home will probably have increased in value since they signed you up.


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